Home Federal Savings And Loan Association Of Niles Mortgage Rates, Fees & Info

Niles, OH

LEI: 254900BKU8W7ACVJRW27

Tax ID: 34-0295420

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Home Federal Savings And Loan Association Of Niles is a smaller mortgage company specializing in Home Purchase and Refi loans. Home Federal Savings And Loan Association Of Niles has a high proportion of conventional loans. Their top markets by origination volume include: Youngstown, Canton, Ashtabula, and Cleveland among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Home Federal Savings And Loan Association Of Niles has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Home Federal Savings And Loan Association Of Niles is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    22

    Origination Dollar Volume (All Markets)

    $3,580,000

    Awards

    Home Federal Savings and Loan Association of Niles 30 Year Conventional Loans gold Home Federal Savings and Loan Association of Niles 30 Year Conventional Loans silver Home Federal Savings and Loan Association of Niles 30 Year Conventional Loans silver
    Show all (3) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 17 $1,935,000 $113,824 $2,039 4.65%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $840,000 $420,000 $2,119 5.25%
    Ashtabula, OH (FHA|USDA|VA) 1 $425,000 $425,000 $5,065 4.63%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $380,000 $190,000 $3,336 4.25%
    Home Federal Savings And Loan Association Of Niles's top markets include Youngstown, Canton, Ashtabula, and Cleveland among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Home Federal Savings and Loan Association of Niles based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Cleveland Selfreliance FCU
    Similarity Rank: 15
    Home Federal Savings and Loan Association of Niles
    Similarity Rank: 32
    HOWARD HANNA FINANCIAL SERVICES, INC.
    Similarity Rank: 480
    CARDINAL CREDIT UNION, INC.
    Similarity Rank: 552
    Seven Seventeen Credit Union
    Similarity Rank: 570
    Ohio Catholic Federal Credit Union
    Similarity Rank: 637
    Community Star Credit Union
    Similarity Rank: 714
    First Security Mortgage Corporation
    Similarity Rank: 728
    WEST PENN FINANCIAL SERVICE CENTER, INC.
    Similarity Rank: 1062
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 1170

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 22 $3,580,000 $162,727 $2,339 4.66%

    For 2018, Home Federal Savings And Loan Association Of Niles's most frequently originated type of loan was Conventional, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 14 $1,670,000 $119,286 $2,043 4.64%
    Refi 4 $1,010,000 $252,500 $2,118 4.78%
    Cash Out Refi 3 $565,000 $188,333 $3,004 4.58%
    Home Improvement 1 $335,000 $335,000 $4,625 4.75%

    For 2018, Home Federal Savings And Loan Association Of Niles's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 14 $1,980,000 $141,429 $2,282 4.64%
    15 Year 4 $310,000 $77,500 $2,022 4.44%
    10 Year 2 $840,000 $420,000 $1,790 4.69%
    20 Year 1 $115,000 $115,000 $0 5.75%
    30+ year 1 $335,000 $335,000 $4,625 4.75%

    For 2018, Home Federal Savings And Loan Association Of Niles's most frequently cited loan duration was 30 Year, with 14 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 14 $1,230,000 $87,857
    $1k-2k 4 $990,000 $247,500
    $2k-3k 1 $425,000 $425,000

    Home Federal Savings And Loan Association Of Niles's average total fees were $2,282, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 14 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 16 $2,440,000 $152,500
    5-6% 4 $990,000 $247,500
    3-4% 2 $150,000 $75,000

    During 2018, Home Federal Savings And Loan Association Of Niles's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 4-5%, with 16 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 10 $650,000 $65,000 $2,042 4.64%
    $100k-200k 7 $975,000 $139,286 $2,096 4.57%
    $200k-400k 3 $795,000 $265,000 $2,804 4.63%
    $400k-600k 1 $425,000 $425,000 $5,065 4.63%
    $600k-1MM 1 $735,000 $735,000 $0 5.75%

    2018 saw Home Federal Savings And Loan Association Of Niles place emphasis on $100,000 or less loans with 10 originations, totaling $650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 5 $325,000 $65,000 $1,784 4.20%
    $100k-150k 4 $480,000 $120,000 $2,112 4.75%
    $75k-100k 4 $650,000 $162,500 $2,167 4.47%
    $150k-250k 3 $1,005,000 $335,000 $3,812 4.58%
    $50k or less 3 $185,000 $61,667 $2,320 4.75%

    Home Federal Savings And Loan Association Of Niles lent most frequently to those with incomes in the $50k-75k range, with 5 originations. The second most popular income band? $100k-150k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 11 $1,415,000 $128,636 $2,392 4.53%
    30-36% 3 $735,000 $245,000 $2,793 4.46%
    36% 2 $300,000 $150,000 $1,920 4.38%
    <20% 1 $85,000 $85,000 $2,356 4.63%
    37% 1 $35,000 $35,000 $1,829 4.38%
    38% 1 $75,000 $75,000 $1,715 4.88%

    Home Federal Savings And Loan Association Of Niles lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? 30-36%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 19 $2,645,000 $139,211 $2,339 4.52%
    Not applicable 3 $935,000 $311,667 $0 5.58%

    Approval Rates

    Total approvals of all applications
    96.30%

    Home Federal Savings And Loan Association Of Niles has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    72.73%

    Home Federal Savings And Loan Association Of Niles has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 22 $3,580,000 $162,727

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $735,000 $735,000
    Single Family (1-4 Units):Site-Built 21 $2,845,000 $135,476

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $735,000 $735,000 $0 5.75%
    40-60% 4 $800,000 $200,000 $3,068 4.91%
    60-80% 12 $1,260,000 $105,000 $2,203 4.59%
    80-100% 5 $785,000 $157,000 $2,200 4.43%